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Baffin Inuit org flush with Mary River IIBA cash – Nunatsiaq News

The Qikiqtani Inuit Association reports $18.7 million surplus for fiscal 2014

Thanks to an infusion of cash from the Mary River Inuit Impact and Benefits Agreement, the Qikiqtani Inuit Association is in the money this year.

According to a draft of financial statements presented Oct. 7 at the QIA annual general meeting in Iqaluit, Baffin’s Inuit land claim organization reports an $18.7 million surplus for fiscal 2013-14.

That’s compared to the previous year’s $1.39 million surplus.

According to the financial statements, covering the fiscal year that ended March 31, 2014, QIA reports $20 million in revenues for its Mary River IIBA Fund and also $2.57 million in unspecified land leases and royalties.

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